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all the tax cuts that go away. spending cut cuts that take effect. it's happening behind the scenes. i want to take a gauge of these guys in their nest to see what they're doing. what they're doing no, offense, is for the birds. all the analogies. see you tonight. >> eric: hello. i'm eric bolling with andrea tantaros, bob beckel, dana perino, brian kilmeade. it's 5:00 in new york city. this is "the five." ♪ ♪ laura logan is highly respected journalist who risked her life reporting on terrorism, recalls a days ago we showed you this gutsy interview with taliban commander in afghanistan. >> these are taliban attacks. this is part of our new military strategy. we have our people in afghan police and the army. >> what skills do the al-qaeda fighters bring? >> they are masters at everything. for example, making i.e.d.s. something we don't know how to do. but they are teaching us. they're master engineers and good with all weapons. >> news that the cbs news chief correspondent is calling out the obama administration for lying to american people. it's b
all the tax cuts that go away. spending cut cuts that take effect. it's happening behind the scenes. i want to take a gauge of these guys in their nest to see what they're doing. what they're doing no, offense, is for the birds. all the analogies. see you tonight. >> eric: hello. i'm eric bolling with andrea tantaros, bob beckel, dana perino, brian kilmeade. it's 5:00 in new york city. this is "the five." ♪ ♪ laura logan is highly respected journalist who risked her life...
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Oct 6, 2012
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rates and lowering tax revenues. he wants to lower the rates for the rich, and for everybody else. but he says, by eliminating loopholes and deductions to which the rich have much more access than anybody else, they will broaden the base and leave the revenue neutral or increase revenue. he says, i will not allow the share of the taxes that the rich are paying to go up. that undoes $100 million worth of obama advertising in 5 minutes. >> sean: you know, it's funny. i said something very similar -- on my radio program. it is amazing because they spent millions of dollars to position mitt romney and create a narrative about mitt romney and a caricature of mitt romney. wants dirty air, dirty water and doesn't care about children with autism or down's synd scprom wants to throw granny over the cliff. romney rendered all of those millions of dollars wasted. there is a side by side and people saw for themselves, a very different person than a caricature that the democrats were painting of him. where does he go from here? h
rates and lowering tax revenues. he wants to lower the rates for the rich, and for everybody else. but he says, by eliminating loopholes and deductions to which the rich have much more access than anybody else, they will broaden the base and leave the revenue neutral or increase revenue. he says, i will not allow the share of the taxes that the rich are paying to go up. that undoes $100 million worth of obama advertising in 5 minutes. >> sean: you know, it's funny. i said something very...
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massive tax increase. romney cannot defend this plan on its merits, so he simply says i'll negotiate this with congress. it doesn't matter what he negotiates, there's not enough money there. it's a simple matter of arithmetic. but he's being a smooth liar about this. >> is the mathematics policy? can you offset $5 trillion with big deductions by getting rid of them when he said tonight to accomplicer, i'm going to leave the mortgage preference, the charitable preference, what is left? >> first off, you're kind of misquoting what he said. number one, he said it's not a $5 trillion dr. >> 4.8. >> but it is. i don't care what he says, he's lying. it is $5 trillion. >> bob, let me make mire point. >> don't repeat his lie without any evidence. >> i'm not repeating it. the fact you call it a lie, you take that up with him. >> no, he's the one who's lying. >> let me make the point. how does it not -- >> the fact of the matter is he's identified that what he's going to do is limply fill the tax code in a number of
massive tax increase. romney cannot defend this plan on its merits, so he simply says i'll negotiate this with congress. it doesn't matter what he negotiates, there's not enough money there. it's a simple matter of arithmetic. but he's being a smooth liar about this. >> is the mathematics policy? can you offset $5 trillion with big deductions by getting rid of them when he said tonight to accomplicer, i'm going to leave the mortgage preference, the charitable preference, what is left?...
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can he please tell us where he is going to get his tax deduction? have no answer. >> andrea: romney is trying to make a serious point, and use humor. obama is acting like a fifth grader. first, he's a bully. meanie, now he doesn't like puppets. liar, liar, pants on fire, you don't like my puppet. you're not a serious president. he lacks maturity. >> brian: he is going to sit down with democrats about republicans and work it out. is that a conference call in the morning? i watched the debate. >> dana: we don't have a conference call. maybe we'd be more organized and have the same line. coming up, we have a preview of the v.p. showdown coming up thursday. later, stacy dash, the african-american actress in the movie "clueless" supports mitt romney. now she is a victim of racially charged attack. brian has that story when we come right back. ♪ ♪ ♪ [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remissio
can he please tell us where he is going to get his tax deduction? have no answer. >> andrea: romney is trying to make a serious point, and use humor. obama is acting like a fifth grader. first, he's a bully. meanie, now he doesn't like puppets. liar, liar, pants on fire, you don't like my puppet. you're not a serious president. he lacks maturity. >> brian: he is going to sit down with democrats about republicans and work it out. is that a conference call in the morning? i watched...
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Oct 3, 2012
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. >> bob: i do think that obama will ask romney to explain the tax plan. ryan said it was too complicated to explain. >> eric: obama is not going to ask romney anything. >> bob: listen, they all end up asking each other questions. >> eric: what i would do if i'm romney, no matter what they ask, just go right back to the economy. just go right back to the economy. throw numbers out there. just stay on this. >> andrea: going tough and hard. but he can't go too hard and too tough, then the media says he's angry, now he's an angry rich man. >> bob: come up with the numbers you talk about. obama has to defend numbers but so does romney. >> eric: what number does he have to defend? >> bob: how he will cut taxes and balance the budget? >> dana: he has a good answer. obama has a tougher time explaining how in 2008, he ran on one thing regarding taxes. in 2010 he changed his mind to protect his tail. then now his whole plan is against what he said in 2010, is worst thing to do for the country. >> bob: that debate has been out there and argued over and over for four
. >> bob: i do think that obama will ask romney to explain the tax plan. ryan said it was too complicated to explain. >> eric: obama is not going to ask romney anything. >> bob: listen, they all end up asking each other questions. >> eric: what i would do if i'm romney, no matter what they ask, just go right back to the economy. just go right back to the economy. throw numbers out there. just stay on this. >> andrea: going tough and hard. but he can't go too hard...
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the fact these bums don't want to pay tax and the richest guy in the world is avoiding tax. >> bill clinton has the best peripheral vision in the history of politics. he knows how to do it. clinton uses a sense of humor to do it, to make the other guy seem like a complete hypocritical phoney. rather than say the guy is a hypocritical phoney, bill clinton builds the occasion like he's talking to the jury. that's what he did there. that's the obstacle that mitt romney has. the way people view mitt romney, in the nbc poll, they still basically have a negative view of the guy. he has to come out there and say, i know how to fix the economy on your behalf, even though people know his whole life has been dedicated to flipping corporates and doing the magic that he did that got him the caymen offshore account. and $100 million i.r.a., individual retirement account. >> he has to show -- >> how does a guy -- >> how does that help us? >> -- have a $100 million individual retirement account? >> one thing president clinton has done so successfully, he's not against wealth. he's just against hypocrisy,
the fact these bums don't want to pay tax and the richest guy in the world is avoiding tax. >> bill clinton has the best peripheral vision in the history of politics. he knows how to do it. clinton uses a sense of humor to do it, to make the other guy seem like a complete hypocritical phoney. rather than say the guy is a hypocritical phoney, bill clinton builds the occasion like he's talking to the jury. that's what he did there. that's the obstacle that mitt romney has. the way people...
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Oct 6, 2012
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obama and biden want to raise taxes by a trillion dollars. guess what? yes, we do. and one regard... we want to let that trillion-dollar tax cut expire so the middle class doesn't have to bear the burden of aural of that money going to the super wealthy. that's not a tax rate -- that's called fairness, where i come from. >> greta: well, we are back with our political panel. sam, this will be edited as a yes we do, they will cut off the end on that one. >> you know, i imagine -- i would give anything to hear the conferrings after this happens between the vice-president and the president. i imagine it's a lot like with my ex-girlfriend, after a while, they are tired of hearing i'm sorry. it doesn't cut it anymore. look, it's going to be -- it is going to come up. the middle class is getting buried -- >> greta: see, i think that's the worst one, the buried one, don't you? >> mitt romney very subtly used the buried one. it was just perfect. he was talking about how bad the economy and was the middle class has taken it particularly heard hard, they have been burr buried.
obama and biden want to raise taxes by a trillion dollars. guess what? yes, we do. and one regard... we want to let that trillion-dollar tax cut expire so the middle class doesn't have to bear the burden of aural of that money going to the super wealthy. that's not a tax rate -- that's called fairness, where i come from. >> greta: well, we are back with our political panel. sam, this will be edited as a yes we do, they will cut off the end on that one. >> you know, i imagine -- i...
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david: president obama almost certain to characterize mitt romney's tax plans tonight as tax cuts for the rich, or awe kise him of advocating trickle-down economics as he has done before but is that a fair characterization. where did it come from? famed economist thomas sowell has been looking into all this. he wrote an essay, trickle down theory and tax cuts for the rich published by hoover institution press and professor sowell joins us now. professor, always an honor to have you here. thanks for coming in. >> thanks for having me. david: so has any republican actually ever advocated something called trickle-down economics? >> neither a republican nor a democrat, nor member of any other group, nor any human being that i know of ever advocated that. david: so where does it come from? >> it comes from people who are opposed to tax cuts and who say that the people who want the tax cuts just want to give more money to the rich and in hopes their prosperity will trickle down. no one has ever said that. years ago in my column i challenged anyone to name any human being who had ever said i
david: president obama almost certain to characterize mitt romney's tax plans tonight as tax cuts for the rich, or awe kise him of advocating trickle-down economics as he has done before but is that a fair characterization. where did it come from? famed economist thomas sowell has been looking into all this. he wrote an essay, trickle down theory and tax cuts for the rich published by hoover institution press and professor sowell joins us now. professor, always an honor to have you here. thanks...
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there aren't enough tax loopholes or tax deductions to pay for romney's tax cut unless you cut into home interest mortgage deductions, unless you get rid of state and local taxes. that will hit the middle class hard. you have to be honest about this. the debate hurt obama and helped romney, and romney's gotten a bump in the polls, although it seems to be flattening out. you look at the new poll in ohio, the president is at 51%, ronl is at 47%. i think the president, the fundamental structure of the race hasn't been changed, but if he doesn't go on the attack, if biden doesn't do a good job against ryan, and if the president doesn't show up and isn't strong in the second debate, then you're going to have a tossup race. >> well, i would disagree with your approach, first of all. i don't approach that way. that's going back and relate gating all the old arguments. in spirit what i would do unlike shrumy, i would take the big issue that is separate the candidates, don't get into the little trench warfare about what's your tax plan and where were you on medicare two weeks ago. i would say whe
there aren't enough tax loopholes or tax deductions to pay for romney's tax cut unless you cut into home interest mortgage deductions, unless you get rid of state and local taxes. that will hit the middle class hard. you have to be honest about this. the debate hurt obama and helped romney, and romney's gotten a bump in the polls, although it seems to be flattening out. you look at the new poll in ohio, the president is at 51%, ronl is at 47%. i think the president, the fundamental structure of...
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i want to lower tax rates. i want to make sure america doesn't have the highest corporate tax rate in the world, which is what we have now to lower the rates for everybody. you know, my opponent supports a plan that will increase the rates for everybody, beginning in january. he doesn't need to vote on it. it doesn't have to be considered. this is not a theory. this is on schedule. and so, when that happens, you can be sure we are going to lose jobs. we are going to stunt the economy. and so, the debt problem of our country is a severe one. it is that a crisis point. we need to grow revenue and we need to look at spending emanates a look at everything through a present of what do we need, what can we afford, that which we may want what we want, but really can't afford we have to look in a very careful and honest way, unlike a way we been doing it. >> senator menendez. >> well, i would like to lower corporate rates, to, but you have to offset it by closing tax loopholes because otherwise you drive up to and that
i want to lower tax rates. i want to make sure america doesn't have the highest corporate tax rate in the world, which is what we have now to lower the rates for everybody. you know, my opponent supports a plan that will increase the rates for everybody, beginning in january. he doesn't need to vote on it. it doesn't have to be considered. this is not a theory. this is on schedule. and so, when that happens, you can be sure we are going to lose jobs. we are going to stunt the economy. and so,...
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president tried to get him on that on the $5 trillion tax cut thing. i'm not sure he effectively pinned him down on that though the obama campaign was spinning that they did. >> i think they made a mistake on that issue, the obama people did, by going with the $5 trillion. because that, you know, policy wonks can debate whether it amounts to $5 trillion or not. what they can't debate, it's a 20% tax reduction for the wealthiest americans. that is a plain irrefutable fact and if they used that, it would, first of all, explain more what this is, which is a tax cut for the wealthy which was one of several points the president wasn't able to actually convey in a clear way. and would also be, you know, be on dispute factually. >> and when a -- sorry, go ahead. >> no. >> when paul ryan spoke at the republican convention, the first reaction was, wow, young fresh guy, so handsome. you know, there's like -- an immediate positive response. later that night, that same e n evening in the same news cycle, the sort of second breath response was, wow, there are a lot
president tried to get him on that on the $5 trillion tax cut thing. i'm not sure he effectively pinned him down on that though the obama campaign was spinning that they did. >> i think they made a mistake on that issue, the obama people did, by going with the $5 trillion. because that, you know, policy wonks can debate whether it amounts to $5 trillion or not. what they can't debate, it's a 20% tax reduction for the wealthiest americans. that is a plain irrefutable fact and if they used...
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. >> i don't want to raise taxes on the rich. >> and there is a point, i'll never raise taxes on the middle class. >> wait a minute. wait a minute. >> obama gives priority. >> and what romney is saying is that i'm going to cut out this spending that this president won't cut. >> and cut taxes for the rich. >> no contest. >> there is no way to do it. i'll talk about it. i'll make plans and seem like i'm the fiscal, responsible person. >> david, you're up next, i promise. >> oh. >> and there is an incredible story to show you. it's time for the obama administration to cue the desperation card. and more as we unveil the latest poll numbers and what happens when you try to put words into paul ryan's mouth? amazing video of the hopeful calling out a reporter over his left wing agenda. we'll check in with dana and bob wood ward and more coming up tonight on this tuesday edition of "hannity". ♪ na, na... ♪ na, na-na, na [ men ] ♪ hey, hey, hey ♪ goodbye [ flushing ] ♪ [ both ] ♪ na, na... [ woman ] ♪ na, na-na, na [ men ] ♪ hey, hey, hey ♪ good-bye [ male announcer ] with k
. >> i don't want to raise taxes on the rich. >> and there is a point, i'll never raise taxes on the middle class. >> wait a minute. wait a minute. >> obama gives priority. >> and what romney is saying is that i'm going to cut out this spending that this president won't cut. >> and cut taxes for the rich. >> no contest. >> there is no way to do it. i'll talk about it. i'll make plans and seem like i'm the fiscal, responsible person. >>...
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he says we pay state taxes, federal sacksess, property taxes, sale and use taxes. workers compensation taxes and emoynt tese t anirdtmo ge a tes. i guess even the people who help manage the taxes will probably still have their jobs either way. what do you think about that matt? >> if you take care of taxes and regulations your jobs will probly be booming in the next egak gd years in oma hes o is at are are paying so much in taxes there is a lot of uncertainty going forward that we may be paying more. th united states has the highest corporate rate in the world. if wre going to be taxes the through obamaare,no uterigns wtp tto d hatre of a company whether it be a billion dollar company or a company with one hundred employees, if you're making less money you're going to have less employees. if you have less emplo that means that is one more person out of work. every person that is out o seic hinhe es, ripple effect moves down to the fact that you have to maybe layoff more people. it could be devastating going forward with tax and regulion going forward. martha: presi
he says we pay state taxes, federal sacksess, property taxes, sale and use taxes. workers compensation taxes and emoynt tese t anirdtmo ge a tes. i guess even the people who help manage the taxes will probably still have their jobs either way. what do you think about that matt? >> if you take care of taxes and regulations your jobs will probly be booming in the next egak gd years in oma hes o is at are are paying so much in taxes there is a lot of uncertainty going forward that we may be...
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we have significant features of the individual income tax, corporate income tax, the estate tax, and apparel text which expire at the end of the year. in a deep sense, we don't know what our tax code is anymore. it would be nice if we emerged on the far side of the fiscal cliff with our leaders could get us back to a situation where we actually know what the tax code is. >> thank you. our next speaker -- speaker will be bob greenstein. >> there are two risks here. the obvious risk to the economy in the short term -- if we go over the fiscal cliff and the aggregate demand comes out of the economy that we will have a relatively mild recession in the first part of 2013 and we would be back and recovery by the second half of 2013. it would be a recession on top of where we are and that is not good. the bigger risk is the rest to the economy in the long term if we keep kicking the can down the road. how do we think about this? there's an interesting report that came out several months ago from the carlyle group. i want to briefly read what it includes. it says there will be a grand bargai
we have significant features of the individual income tax, corporate income tax, the estate tax, and apparel text which expire at the end of the year. in a deep sense, we don't know what our tax code is anymore. it would be nice if we emerged on the far side of the fiscal cliff with our leaders could get us back to a situation where we actually know what the tax code is. >> thank you. our next speaker -- speaker will be bob greenstein. >> there are two risks here. the obvious risk...
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the major policy goal of changing the tax structure s th why tai aro mser of importance. >> there is philosophy on liberal america. we're fat caters 1%ers. >> indeed. >> philosophy is ben affleck and o'reilly can pony up 40-45% of what they' gnd to treaxbe but i agree. idon't know what yours looks li but i don't spend so much i can't afford to pay moren taxes. >> bob: catch the full interview tonight at 8:00 p.m ballech h to say it. porter is upset now, i can tell. what do you think about this? i don't care. tell me something about ts. afk.een youikutt? >>: hoht it was aflac. >> greg: that's the duck. >> kimberly: nice guy, interviewed with o'reilly before and saying what he believes. he ved for obama before. g heeda. theaes enonay >> bob: that is the one pro-obama thing we did on the show that ben affleck wil vote for himgain. >> kimberly: i told you it was positive. eric, what do you think about e ienee t buld hope that bill would ask what isoing on in benghazi. the fill system about how to deal with terrorist -- obeegeav >> kimberly: about the iran hostage crisis,hich you know abo
the major policy goal of changing the tax structure s th why tai aro mser of importance. >> there is philosophy on liberal america. we're fat caters 1%ers. >> indeed. >> philosophy is ben affleck and o'reilly can pony up 40-45% of what they' gnd to treaxbe but i agree. idon't know what yours looks li but i don't spend so much i can't afford to pay moren taxes. >> bob: catch the full interview tonight at 8:00 p.m ballech h to say it. porter is upset now, i can tell. what...
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is going to increase taxes across the board of the biggest tax increase in history on january 1st. and mitt romney understands that you have to have small business to grow these jobs. and that's the way we're going to invest in small businesses. take the job-killing obamacare regulations that will crush small businesses, but then give -- replace it with good policies that allow businesses to buy health insurance with what they need, buy it across state lines, have preexisting conditions covered. but the kind of policies that they won't be bankrupt and fined. and 20 million people are expected by this -- by the administration's own calculations, 20 million people -- i guess it was cbo said it would lose their coverage under obama care and that's not going to work for my state of virginia. >> i have to say, i hope he has your ability to go without taking a breath and have things that make sense. jim, let me ask, barbara talked about mitt romney wants to talk about his tax plan. i'm sure that the president wants to talk about mitt romney's tax plan too. specifically that promise to cu
is going to increase taxes across the board of the biggest tax increase in history on january 1st. and mitt romney understands that you have to have small business to grow these jobs. and that's the way we're going to invest in small businesses. take the job-killing obamacare regulations that will crush small businesses, but then give -- replace it with good policies that allow businesses to buy health insurance with what they need, buy it across state lines, have preexisting conditions...
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i don't have a tax cut that's $4.8 trillion or $5 trillion. i'm not going to cut taxes on the rich. i don't have a medicare voucher plan. i love teachers, i think we need more of them. i mean, look, don't believe me, speaker gingrich was pretty eloquent in running during the primaries in saying, look, mitt romney will say absolutely anything to get elected. >> well, one thing i have been saying about the campaign is the president needs surrogates out there, he needs confederates, people out there. i love charleston. a lot of people -- rather charlotte because in charlotte you heard an entire political party speaking led by people like deval patrick, the governor of massachusetts, after you saw mr. mayor. i think it sounds better when it's a serenade than when it's a solo. what do you think about that? because the other guy has these terrible attack dogs out there, people like trump pitching the birtherism nonsense, sununu talking about being lazy. you got priebus and his nonsense about him being from europe and foreign and newt saying terrible things not to mention jack welch trying
i don't have a tax cut that's $4.8 trillion or $5 trillion. i'm not going to cut taxes on the rich. i don't have a medicare voucher plan. i love teachers, i think we need more of them. i mean, look, don't believe me, speaker gingrich was pretty eloquent in running during the primaries in saying, look, mitt romney will say absolutely anything to get elected. >> well, one thing i have been saying about the campaign is the president needs surrogates out there, he needs confederates, people...
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what about this tax plan. is president obama obligated to supporters to point out to them that this is flawed? what do you think? >> i think the moderators are going e to ask governor romney about a lot of the things that you just talked about. i hope the moderator gives governor romney a chance to do what paul ryan said he didn't have time to do and that is explain how they pay for a $5 trillion tax cut. as you pointed out, ed, it is a time problem that is vexing in this budget. it's a math problem. they can't pay for it. if they can't pay for it, then they are going to raise taxes on the middle class. that's what the economic studies have shown. and look, i don't know anybody who thinks we're another tax cut for a millionaire away from a stronger middle class. that's just not how we have built our economy before and it's not how we're going to continue to make our country strong now. >> will president obama confront romney on these issues or rely on the debate moderator to do it? how aggressive will the pres
what about this tax plan. is president obama obligated to supporters to point out to them that this is flawed? what do you think? >> i think the moderators are going e to ask governor romney about a lot of the things that you just talked about. i hope the moderator gives governor romney a chance to do what paul ryan said he didn't have time to do and that is explain how they pay for a $5 trillion tax cut. as you pointed out, ed, it is a time problem that is vexing in this budget. it's a...
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a candidate says i'm going to lower the tax rates but i'm going to broaden the tax base. what you get is lower rates, you get a lot of the former, you get very little of the latter. because like bob says, once you start going into how you're going to broaden the base, then it's don't look at me, look at the other guy. so the danger of this tax reform trap that governor romney is trying to sell right now is that you're going to end up with massively lower tax rates and you're not going to broaden the base much at all such that you'll have an explosive budget deficit, it's very much what we saw in the bush supply side trickle down years. >> bob, debatess left. the vice presidential debate, the town hall presidential debate and then the debate on foreign policy. >> i think we throw out the myth that somehow or other only the first debates matter. i think the other debates will have big audiences. i'm through with the expectations game. i think vice president biden will do very well next week. i think the president will bring his best game to these next two debates. this guy
a candidate says i'm going to lower the tax rates but i'm going to broaden the tax base. what you get is lower rates, you get a lot of the former, you get very little of the latter. because like bob says, once you start going into how you're going to broaden the base, then it's don't look at me, look at the other guy. so the danger of this tax reform trap that governor romney is trying to sell right now is that you're going to end up with massively lower tax rates and you're not going to...
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tracks taxes on the middle class. there is no way to do it. but i will talk about big bird and seem like i am the fiscally responsible person. >> sean: david, you are next, i promise. >> ohhhh. >> sean: for the polls, brand-new numbers, incredible story to show you. time for the obama campaign to cue the desperation card. we will have more with juan and david limbaugh, as we unveil the latest poll numbers. what happens when you try to put words in paul ryan's mouth. we have the amazing video of the v.p. hopeful, calling out a reporter over his left-wing agenda. we'll check in with dana, stewart and bob woodward and a lot more on this tuesday edition of "hannity." [ male announcer ] research suggests cell health plays a key role throughout our lives. one a day men's 50+ is a complete multi-vitamin designed for men's health concerns as we age. it has more of 7 antioxidants to support cell health. one a day men's 50+. marie callender's gives you a way to make any day a special occasion. new mini cream pies for one. real
tracks taxes on the middle class. there is no way to do it. but i will talk about big bird and seem like i am the fiscally responsible person. >> sean: david, you are next, i promise. >> ohhhh. >> sean: for the polls, brand-new numbers, incredible story to show you. time for the obama campaign to cue the desperation card. we will have more with juan and david limbaugh, as we unveil the latest poll numbers. what happens when you try to put words in paul ryan's mouth. we have...
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he raised taxes. and when he left office in massachusetts, people somehow forgot he left the people in massachusetts with the largest debt per capita in america. now he says he's going to do good with money by cutting taxes by 20% and spending $2 trillion more on the military and $716 billion, even more than ryan or obama proposed, in medicare. i don't know how he does his math, but somebody ought to buy him a $2 calculator. >> governor schweitzer, great to have you with us. thanks so much. >>> there's a lot more coming up in the next half hour on "the ed show." stay with us. >>> the best thing to help prevent crime in cities is to bring opportunity in the inner cities. teach people good discipline, good character. that is civil society. that's what charities and churches do. >> paul ryan and mitt romney say churches and charities are the only antidote to poverty. sister simone campbell degr disagrees, and she's next. >>> another is ordering to vote for mitt romney. we'll read the letter where he admi
he raised taxes. and when he left office in massachusetts, people somehow forgot he left the people in massachusetts with the largest debt per capita in america. now he says he's going to do good with money by cutting taxes by 20% and spending $2 trillion more on the military and $716 billion, even more than ryan or obama proposed, in medicare. i don't know how he does his math, but somebody ought to buy him a $2 calculator. >> governor schweitzer, great to have you with us. thanks so...
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Oct 5, 2012
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vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? . >>> californians woke up to sticker shock today after gas prices jumped up to 20 cents a gallon in some areas leave night. triple -- aaa said the average cost is 4 degrees $.49 a gallon, the highest in the nation. in fact, some stations ran out of gas and clothes rather than pay the cost. fox's bob decastro has more from los angeles tonight. >> reporter: it's been a surprise to costco customers, and now, customers coming here and lining up for gas, finding out they're completely out. costco, a company that does not have its own refinery and finds gas on an open market, which is in short supply and so, they are simply out here, one of the 12 cost keys in southern california that is -- cost keys that are out of gas and people are seeing prices at the pump. higher near 20 cents since yesterday to nearly $4.54
vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? . >>> californians woke up to sticker shock today after gas prices jumped up to 20 cents a gallon in some areas leave night. triple -- aaa said the average cost is 4 degrees $.49 a gallon, the highest in the...
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Oct 9, 2012
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vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking. you know, i'm glad we're both running a nice, clean race. no need to get nasty. here's your "honk if you had an affair with taylor" yard sign. looks good. [ male announcer ] fedex office. now save 50% on banners. [ male announcer ] fedex office. why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has
vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did...
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Oct 9, 2012
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we also need to have comprehensive tax reform. we ought to have a tax code that's more simple, more fair, and more competitive. what i've been advocating is to reduce the tax on jobs creating businesses by 25%. the federal government is imposing the worth in the world tax of 35%. if we reduced it to 20%, over 500,000 jobs, created and $23 billion of new revenue and that would send a message to the world that america is open for business again. the other thing is that we're blessed in america with the most energy resources of any country in the world. and virginians, from our coalfields to our coasts are ready, willing and able to provide america with the energy to four our economy and if we unleashed our energy resources throughout the country, i believe we ought to do so in virginia and on day one after being sworn in as your senator, i would introduce a bill to allow us in virginia to produce oil and natural gas off our coast and use the royalties for roads and transportation, but if we did this nationwide, there would be hundre
we also need to have comprehensive tax reform. we ought to have a tax code that's more simple, more fair, and more competitive. what i've been advocating is to reduce the tax on jobs creating businesses by 25%. the federal government is imposing the worth in the world tax of 35%. if we reduced it to 20%, over 500,000 jobs, created and $23 billion of new revenue and that would send a message to the world that america is open for business again. the other thing is that we're blessed in america...
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Oct 9, 2012
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what $5 trillion tax cut? i don't know anything about a $5 trillion tax cut. don't pay any attention to that tax cut behind the curtain. >> reporter: a new pew research center poll shows that among likely voters, governor romney holds a four-point edge over president obama, 49 to 45%. governor romney is also even with the president among registered voters. they're both tied at 46%. to give you some perspective, just last month, governor romney was trail the president by nine points. such a turnaround after last week's debate. reporting live here at sfo, bob redell, nbc bay area news. >> thank you, bob. and we do have complete coverage of the president's bay area visit online at nbcbayarea.com, including insider details on the president's private events. >>> and some san francisco voters, possibly inspired by the president's visit, getting a jump on the election. they are casting their ballots this morning for that early voting. this one will run through november 6th. hours are monday through friday, set from 8:00 a.m. in the morning until 5:00 in the evening.
what $5 trillion tax cut? i don't know anything about a $5 trillion tax cut. don't pay any attention to that tax cut behind the curtain. >> reporter: a new pew research center poll shows that among likely voters, governor romney holds a four-point edge over president obama, 49 to 45%. governor romney is also even with the president among registered voters. they're both tied at 46%. to give you some perspective, just last month, governor romney was trail the president by nine points. such...
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your man's the only guy who thinks tax reform means higher tax rates. you're the only one. >> can i please respond here? >> i want you to. >> in every single budget he has produced, there has been a cap on itemized deductions for people above $250,000. they can only deduct the 28%, not 35% or 39%. and it raises half a trillion dollars over ten years. it's in every one of his budgets. please don't tell me it's not. i can show you where it is. >> arthur laffer, explain this to me. >> the key here is lowering rates. jared, i do agree with you, we need to raise taxes. but we don't need to raise tax rates. what we need to do is increase growth output employment and get -- you can't balance the budget on the backs of the unemployed. it just doesn't happen. >> i agree. art, you are 100% right. and by the way, i'm not where you guys are on the lower -- >> you will be with us soon, jared. >> you're elasticties for your tax rate declines are way too large, in my humble opinion. but i'm ready to go with you if you can identify how you're going to fill that hole. m
your man's the only guy who thinks tax reform means higher tax rates. you're the only one. >> can i please respond here? >> i want you to. >> in every single budget he has produced, there has been a cap on itemized deductions for people above $250,000. they can only deduct the 28%, not 35% or 39%. and it raises half a trillion dollars over ten years. it's in every one of his budgets. please don't tell me it's not. i can show you where it is. >> arthur laffer, explain...